Equity
€3.8m ▲ 156%
Equity rose in 2025 from €1.5m to €3.8m.
SUDEL
Lifetime
20 annual accounts with figures on one time axis, 30 filings since 1996peak €547,417 (2024)
€231,988▼ 57.6%
peak €2.5m (2025)
€2.5m▲ 543%
peak €3.8m (2025)
€3.8m▲ 156%
€280,307▲ 124%
Board1 name since 2022
1 directorGARNIER André Pierre Edmond Joseph
Documentsfilings and deeds
24-08-202624 days late
2025micro format
Gross margin from €547,417 to €231,988Result from €386,246 to €2.5mDividend €185,859Equity from €1.5m to €3.8mDebts from €125,146 to €280,307Cash from €297,722 to €155,536
Key points
from the 2025 annual accountsTurnover
≈ €390,000 estimated
The micro format states no turnover.
Debts
€280,307 ▲ 124%
Debts rose by €155,160 in 2025.
Investments
€54,366 9.9 × depreciation
Green is investment, beige is depreciation.
Filings
30 annual accounts since 1996
Five of the last ten came late. The 2018 accounts came latest: 28 days after the end of the period.
Position in the sector
€2.5m
Higher net result than 95% of companies in head offices and management consultancy. Sector median €27,168 · 39,358 companies.
Net result +543%: one-off income
Checked score
98
Excellent
Financially stronger than 87% of small companies in head offices and management consultancy (NACE 70)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 4,523 companies (NACE 70, small).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%
01-2025: < 0.1%● unchanged vs 12-2024lowest value
02-2025: < 0.1%● unchanged vs 01-2025
03-2025: < 0.1%● unchanged vs 02-2025
04-2025: < 0.1%● unchanged vs 03-2025
05-2025: < 0.1%● unchanged vs 04-2025
06-2025: < 0.1%● unchanged vs 05-2025
07-2025: < 0.1%● unchanged vs 06-2025
08-2025: < 0.1%● unchanged vs 07-2025
09-2025: < 0.1%● unchanged vs 08-2025
10-2025: < 0.1%● unchanged vs 09-2025
11-2025: < 0.1%● unchanged vs 10-2025
12-2025: < 0.1%● unchanged vs 11-2025
01-2026: < 0.1%● unchanged vs 12-2025
02-2026: < 0.1%● unchanged vs 01-2026
03-2026: < 0.1%● unchanged vs 02-2026
04-2026: < 0.1%● unchanged vs 03-2026
05-2026: < 0.1%● unchanged vs 04-2026
06-2026: < 0.1%● unchanged vs 05-2026
07-2026: < 0.1%● unchanged vs 06-2026
08-2026: < 0.1%● unchanged vs 07-2026highest value
09-2026: < 0.1%● unchanged vs 08-2026
10-2026: < 0.1%● unchanged vs 09-2026
11-2026: < 0.1%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Liquidity: current ratio 14.25, cash €155,536
lowers risk
Size: total assets €4.0m
Figures for financial year 2025 (filed on 25-08-2026)
Sector: Activities of head offices; management consultancy activities (NACE 70)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 70, small). It does better than 85% of them on solvency, 71% on liquidity, 97% on profitability and 95% on growth.
The bankruptcy probability was computed on 06-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 20,137 companies had the same profile as SUDEL has now. Each dot stands for 51 companies, two years later.
95.0%
were still trading
4.7%
stopped another way
0.2%
went bankrupt
That fits the bankruptcy probability of SUDEL itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 20,137 companies, not a prediction for SUDEL. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €360,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 14.25 (11.57 in 2024), above the usual 1.5. Short-term debt is 6.9% and cash 3.8% of total assets. 6.9% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 24 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-08-2026, 24 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
24 days late
2024
6 days late
2023
106 days early
2022
164 days early
2021
173 days early
2020
33 days early
2019
28 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 68 days before the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 17 April (4 of the last 5 accounts filed within 111 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
07-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Resignation: GARNIER André Pierre Edmond Joseph (manager)
Reappointment: GARNIER André Pierre Edmond Joseph (director) · “1. l’octroi d’avis se rapportant à toutes matières fiscales; 2. l’assistance des contribuables dans…” (deed in French) · General meeting of 29-09-2023 · Gazette deed
First establishment
Rue Forgeur 4, Liège
Incorporation
published on 29-05-1996 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| SUDEL Liège | €4.0m | €231,988 | 93.1% | - |
| EDIPRINT INVEST Bassenge | €5.0m | €234,949 | 40.1% | - |
| STOMMEN Herve | €3.8m | €285,977 | 46.9% | - |
| 647 ACTIVATIONS Vilvoorde | €4.2m | €208,096 | 72.4% | 0.5 |
| STAND IN Londerzeel | €3.5m | €221,672 | 67.5% | - |
| EVOLUTION CHANGE MANAGEMENT Woluwe-Saint-Pierre | €4.4m | €249,096 | 34.6% | - |
| Delta i Aalter | €4.7m | €230,132 | 51.5% | 1 |
These companies have the same main activity as SUDEL: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €3.5m and €5m, founded between 1994 and 1998.
Official details
Source: KBO- Status
- Active since 03-05-1996Normal situation
- Registered office
- 17 active companies are registered at this addressSource: KBO register, as of 7 November 2026.
- Activity
- Business and other management consultancyNACE 70200and 1 other
- Establishment unit
- 2.079.541.0324000 Liège, since 17-12-1996
- Financial year end
- 31 December
- Peppol
- Reachable
Insights on SUDEL
SUDEL files the micro format. That format states no turnover. The gross margin rose from €20,461 in 2006 to €231,988 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about SUDEL
- What is the company number of SUDEL?
- The company number of SUDEL is 0457.940.760. The VAT number is the same number with BE in front: BE 0457.940.760.
- Where is SUDEL based?
- The registered office is at Quai des Vennes 18-20, 4020 Liège.Company details
- What does SUDEL do?
- According to the KBO register, the main activity is business and other management consultancy (NACE 70200).
- What is the legal form of SUDEL?
- SUDEL is a private limited company (BV).
- When was SUDEL founded?
- SUDEL was founded on 03-05-1996.
- Is SUDEL still active?
- Yes, SUDEL is an active enterprise in the KBO register.
- What is the turnover of SUDEL?
- The turnover in financial year 2025 is ≈ €390,000. This figure is estimated from the gross margin of €231,988 and 109 comparable companies (NACE 70200). It probably lies between €330,000 and €470,000.Financials
- Is SUDEL profitable?
- In financial year 2025, SUDEL made a profit of €2.5m.
- Where can I find the annual accounts of SUDEL?
- SUDEL filed 30 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of SUDEL due?
- SUDEL must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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